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Old 02-25-2012, 05:40 PM
 
12 posts, read 50,289 times
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Hi all,

I'm looking for houses from which I can commute to Emory via public transit. I'm trying to figure out if I can find a place for under $125,000; otherwise I'll rent.

Is a listing like this too good to be true? New construction, half-hour commute: Georgia Multiple Listing Service

I don't have children and I won't be having any soon, so schools are not an issue for me (except insofar as they affect the house's resale value). I also don't really mind being in a not-too-nice neighborhood.
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Old 02-25-2012, 07:04 PM
 
3,972 posts, read 11,978,014 times
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If you are worried about appreciation in value, that is probably a risky purchase. When and if the housing market improves, there will be scores of new homes built in the area and that will make it harder to market your "older" home. Just something to think about.

The house looks great though. You need to really check out the neighborhood.
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Old 02-26-2012, 02:15 AM
 
Location: Atlanta, GA
14,835 posts, read 6,546,187 times
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I wouldn't say that is too good to be true. I'm in that area and I've seen some lower priced homes around there for similar.
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Old 02-26-2012, 06:16 AM
 
Location: USA
224 posts, read 954,852 times
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I would rent instead of buying... If what the analysts say comes true, the housing market will dip again...
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Old 02-26-2012, 02:35 PM
 
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If you think you will be able to commute from Roswell to Emory in a half hour or under, you've got another thing coming!

If you drive a car and commute during non-peak hours....maybe. If you are commuting during peak hours, or have to rely on public transit, NO WAY.
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Old 02-26-2012, 03:14 PM
 
Location: Atlanta, GA
14,835 posts, read 6,546,187 times
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Quote:
Originally Posted by ATLTJL View Post
If you think you will be able to commute from Roswell to Emory in a half hour or under, you've got another thing coming!

If you drive a car and commute during non-peak hours....maybe. If you are commuting during peak hours, or have to rely on public transit, NO WAY.
Roswell no, however the house the OP posted is not in Roswell, it is in unincorporated Dekalb just east of Decatur, which would offer a reasonable commute to Emory. The address of the listing agent was in Roswell.
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Old 02-26-2012, 03:39 PM
 
9,008 posts, read 12,678,599 times
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My bad! I was looking at the address of the realtor.

I thought that was an odd architecture choice for Roswell!

I did a quick Google street view of the area. I don't know how old the images are, but the neighborhood looked a tad sketchy....boarded up houses, junk cars on the road, etc.

If living in a neighborhood like that doesn't bother you, I'd say consider it. I just wouldn't expect to get anything back on an investment like that unless your horizon exceeds 10 years. For me, the annoyances such as potential crime, neighbors that leave junk cars out, etc. wouldn't be worth it. Everybody is different though, so just know what you are getting into. I would drive by at night a few times and see what is going on in the area.

Last edited by ATLTJL; 02-26-2012 at 03:54 PM..
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